Bidenflation Runs Hot Sending Rents Soaring Across the Country

[mystery-ak]

Bidenflation Runs Hot Sending Rents Soaring Across the Country

Simon Kent 21 Feb 2022

First gas, then heating and now rents. Runaway inflation is driving rents skywards across Joe Biden’s America, delivering an average of a 20 percent increase in the U.S.’s biggest 50 cities over the past 12 months, a study details.

At the same time, U.S. Census Bureau statistics show rental vacancy rates during the fourth quarter of 2021 fell to 5.6 percent, the lowest since 1984 in the the world’s largest economy.

The rent spike has stung wallets nowhere more than in the Miami metro area, where the median rent surged to an eyewatering $2,850, 49.8 percent higher than the previous year.

Other cities across Florida — Tampa, Orlando and Jacksonville — and the Sun Belt destinations of San Diego, Las Vegas, Austin, Texas, and Memphis, Tennessee, all saw spikes of more than 25 percent during that time period, AP reports.

Meanwhile, Boston has nearly overtaken San Francisco as the nation’s most expensive rental market with a nearly 27 percent increase in properties with two bedrooms, according to the Zumper study released at the end of last month.

more
https://www.breitbart.com/politics/2022/02/21/bidenflation-runs-hot-sending-rents-soaring-across-the-country/

[catfish1957]

Today, might be an interesting day on Wall Street as it digests news around Ukraine, and the 3 day weekend.

Futures are only down slightly pre-market open, but don't be surprised to see some wild gyrations today....especially if hostiliteis escalate.  VIX will be closely watched today.

[GtHawk]

Along with everything else going on the flooding of America with illegal aliens might just ha a little bit to do with the low vacancy rates and pushing up rents. Altogether now "Thank You Joe! you worthless #@#$$!!&%#@#!"